Many years ago I read a wonderful book, called “Multiple Streams of Income” by Robert G. Allen.
A wonderful book full of solid ideas about creating lifetime income – from multiple sources. Most people I know have one source of income – God forbid something should happen to them, and they have no back up source of income.
Sadly, this happens to people all the time. It’s been said, that most people are only $500 away from living on the street. Isn’t that amazing?
In the wealthiest country our planet has ever known, most of it’s people are just $500 away – from being absolutely broke. When I drive past homeless people on the street, because of this fact, I cannot help but say to myself in thankful prayer, “but for the Grace of God … there go I.”
The concepts presented in this book are worth noting here – Over the course of 10 years a person should seek to set up 10 Streams of Income; Spending 1 year setting up and solidifying each.
From reading this blog, you know I am involved in the Network Marketing Industry – that’s what led me to read the book – a Major emphasis in our industry is on Personal Growth and Development; Especially in the area of financial literacy – so that when You are making the kind of money you got into network marketing to make you will know how to KEEP it.
Many options are presented in this book – from Real Estate, Stock Market Investing, starting your own business, becoming an Infoprenuer – and even Network Marketing is mentioned in this book as a viable way to create a Stream of Income.
It’s a quality source of information that can boost your ideas about making money in Todays uncertain economy.
He even wrote a 2nd book, called “Multiple Streams of Internet Income” — which of course covers the various ways of making money online!
You will find many examples in this blog – the key to keep in mind is that this is Additional income – this is not get rich quick income although it can happen for those that go to work.
Most of us have become conditioned – we are creatures of habbit – we have a routine when we come home from work; we relax, we may cook for our family, and relax some more – play a video game, listen to music, or watch tv.
Most of us do not come home from our day job, and start work on our part time job.
That’s exactly what we SHOULD Do however, if we want to be financially secure. See, if you could generate an additional $500/mo for your household, on top of what you are doing now – you will help your family avoid what has happened to so many others.
We’d call them unfortunate perhaps – but today, let us realize that We Make our own Fortunes – or decide not to.